2013 Potential Candidate #2: Swiber

The fundamentals:

1. The stock is trading below peer average valuations at only 5.8x FY13F PER and 0.6x P/B.
2. Orderbook in 2012 reached a high of USD1.7b YTD. Management believes it would get even better in 2013.
3. With enlarged fleet, Swiber is poised to benefit from the robust offshore sector. EPS should grow by CAGR of 18% over FY12-14.

(Source: Kim Eng)

The technicals:

A gentle but nicely developing uptrend formed by higher highs and higher lows.

Verdict: Can buy, but I would wait for correction. Note that RSI now in overbought zone.